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7:29 III a [El 6 Unit VIII Lab Assignment 70f7 -/10 :2 Current Attempt in Progress Duffy Dog Hospital is a division of Superior Healthcare
7:29 III a\" [El 6 Unit VIII Lab Assignment 70f7 -/10 :2 Current Attempt in Progress Duffy Dog Hospital is a division of Superior Healthcare that is organized as an investment center. In the past year, the hospital reported an aftertax income of $4,480,000. Total interest expense was $2,112,000, and the hospital's tax rate was 20 percent. Hospital assets totaled $44,800,000, and noninterest- bearing current liabilities were $14,592,000. Superior has established a required rate of return equal to 18 percent of invested capital. Calculate the residual income/EVA of Duffy Dog Hospital. (Enter negative answers preceding either - sign, eg. -45 or in parentheses, e.g. (45).) Residual income/EVA $ eTextbook and Media Save for Later Attempts: 0 of 1 used 5 education.wiley.com
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